General Motors and Lyft Inc. have entered into a long-term strategic alliance to establish an integrated network of on-demand autonomous vehicles in the United States. As part of the agreement, GM will make a $500-million investment in Lyft and will hold a seat on the ridesharing service company’s board of directors.

The alliance between GM and Lyft has four key elements: Autonomous On-Demand Network; Rental Hub; Connectivity; and Joint Mobility Offerings. Under the agreement, GM and Lyft will jointly develop a network of on-demand autonomous vehicles.

This project will leverage the carmaker's already deep knowledge of autonomous technology and Lyft’s capabilities in providing ride-sharing services. Likewise, with immediate effectivity, the carmaker will become a preferred provider of short-term use vehicles to Lyft drivers through a number of rental hubs spread across various cities in the US.

Moreover, the agreement gives both Lyft drivers and customers access to GM vehicles and OnStar services – thereby providing a connected ride-sharing experience for both drivers and passengers. Furthermore, GM and Lyft are to provide each other’s customers with personalized mobility services and experiences via their respective channels.

GM President Dan Ammann described the carmaker's vision of personal mobility as connected, seamless and autonomous. He remarked that this vision could be implemented more rapidly through the alliance between the carmaker and Lyft.

On the other hand, Lyft president and co-founder John Zimmer quipped that via the alliance with GM, the company aims to continue unlocking new transportation experiences and to redefine traditional car ownership.

General Motors Co. -- along with its partners, subsidiaries and joint venture entities -- is a global manufacturer and seller of vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands.

It has production facilities in around 30 countries. OnStar, a global leader in vehicle safety, security and information services, is a subsidiary of GM.

Founded by Logan Green and John Zimmer in June 2012, Lyft aims to reconnect people and communities through better transportation. It is currently the fastest growing rideshare company in the US with services available in over 190 cities.

Press Release

GM and Lyft to Shape the Future of Mobility

General Motors and Lyft today announced a long-term strategic alliance to create an integrated network of on-demand autonomous vehicles in the U.S.

GM will invest $500 million in Lyft to help the company continue the rapid growth of its successful ridesharing service. In addition, GM will hold a seat on the company’s board of directors.

“We see the future of personal mobility as connected, seamless and autonomous,” said GM President Dan Ammann. “With GM and Lyft working together, we believe we can successfully implement this vision more rapidly.”

John Zimmer, president and co-founder of Lyft, said: “Working with GM, Lyft will continue to unlock new transportation experiences that bring positive change to our daily lives. Together we will build a better future by redefining traditional car ownership.”

Key elements of the GM and Lyft alliance include:

Autonomous On-Demand Network: The joint development of a network of on-demand autonomous vehicles will leverage GM’s deep knowledge of autonomous technology and Lyft’s capabilities in providing a broad choice of ride-sharing services.

Rental Hub: Beginning immediately, GM will become a preferred provider of short-term use vehicles to Lyft drivers through rental hubs in various cities in the U.S.Connectivity: Lyft drivers and customers will have access to GM’s wide portfolio of cars and OnStar services, leveraging two decades of experience in connectivity. This will create a richer ride-sharing experience for both driver and passenger.

Joint Mobility Offerings: GM and Lyft will also provide each other’s customers with personalized mobility services and experiences through their respective channels.

About General MotorsGeneral Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

About LyftLyft was founded in June 2012 by Logan Green and John Zimmer to reconnect people and communities through better transportation. Lyft is the fastest growing rideshare company in the U.S and is available in more than 190 cities. Lyft is preferred by drivers and passengers for its safe and friendly experience, and its commitment to driving positive change for the future of our cities.